Real Estate Investing in Rantoul, Kansas (66079)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 66079 (Rantoul, KS)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.8% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 29.5 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Rantoul, KS (66079)?
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Market Analysis: 66079 Rantoul
This part of Franklin County is not an easy win. The 66079 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 66079 can be a an appealing option for hunting ground — but the discount at $356K reflects genuine risk that outside investors often underestimate.
Within KS, ZIP 66079 trails on several market indicators that neighboring Franklin County submarkets outperform. The gap is real and notable enough to shape underwriting.
Resident income in 66079 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 66079 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Rantoul:
Market Trends
Home Value History (with trend line)
📊 How Does 66079 Compare?
| Metric | 66079 | Rantoul | Ottawa, KS | Kansas |
|---|---|---|---|---|
| Home Value | $356,414 | $356,414 | N/A | $237,409 |
| 5-Year CAGR | 7.2% | 7.2% | N/A | 7.2% |
| Avg Rent | $1,008 | $1,008 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 66079 (Rantoul, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $356,414 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 29.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +12.9% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +9.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 66079
Population: 678
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What investment strategy works best in Rantoul, KS?
For Rantoul, KS, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the average monthly rent in Rantoul, KS?
Rantoul, KS rentals go for roughly $1,008/mo a month. That puts gross yield in solid territory relative to $356K acquisition costs.
What kind of tenants rent in Rantoul, KS?
Working renters make up the core of the Rantoul, KS tenant base. The pool is reasonable for investors targeting long-term holds.
Where do home prices stand in Rantoul, KS?
Median home price in Rantoul, KS is near $356K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
What kind of market is Rantoul, KS for investors?
Rantoul, KS records an investability rating of 3.0/5, with median home values near $356K and average rents around $1,008/mo. That combination puts it in the robust tier for investor interest.
You know 66079 now. You don’t know where it ranks.
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